Dundrum Town Centre Co-Owner Delivers Strong Leasing Results

Ireland delivered a 'strong leasing performance' during the first three months of the year for Dundrum Town Centre co-owner Hammerson.

The property giant said its Irish portfolio of assets increased by 1.2% at the end of March, since the end of valued at £1.096 billion (€1.25 billion), reports Irish Independent.

Hammerson also co-owns the Ilac Centre and the Pavilion Shopping Centre in Swords.

The valuation figure reportedly doesn't include Kildare Village which owner, manager and developer of retail destinations in Europe owns 41% of.

Dublin Central Scheme

The UK-based company is reportedly planning a major development called the Dublin Central scheme across a six-acre site stretches from Upper O'Connell Street to Parnell Street, and Moore Street and Henry Street.

Hammerson has described it as an "outstanding European city centre development site".

"Our strategy and the positioning of our portfolio continue to deliver a strong operational performance," said CEO David Atkins.

"Our attractive high-growth markets of premium outlets and Ireland are driving valuation growth and we are on track with our disposal programme."